Cetera Financial Group has added two new financial advisory teams that bring with them almost $400 million in assets under management, Minnesota-based Sonnenfeld Financial Group and San Diego-based Lincoln Capital, the firm announced Tuesday.
Sonnenfeld Financial, which was most recently affiliated with Geneos Wealth Management, has offices in Edina and Winona, Wisconsin. The firm, with $150 million in AUM, is led by Terry Sonnenfeld, who has 30 years of experience. It will join Cetera’s AdvisorNet region.
Lincoln Capital, which manages $245 million, had been affiliated with Independent Financial Group. The team of four is led by Mike Lincoln and will join Cetera’s Summit Financial Networks.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
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A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
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